WALTHAM, Mass. — (BUSINESS WIRE) — September 25, 2009 — Advanced Visual Systems Inc. ( www.avs.com), an innovator of data visualization software and solutions, began trading its common stock on the OTC Pink Sheets ( Pink Sheets: AVSC) on September 15, 2009. The company, founded in 1991, develops and markets powerful technology used by corporations, software makers and research organizations to add graphically-rich analysis features to business intelligence systems, corporate dashboards, research projects and high performance computing programs.
Data visualization converts corporate, technical and scientific information into highly expressive graphics that allow many dimensions of data to be viewed simultaneously, revealing patterns, trends and anomalies that can be difficult to detect using traditional forms of analysis. AVS was a pioneer in the commercialization of data visualization software and has worked with over 2,000 clients (including twenty percent of the Fortune 100) since its formation. Its five core software products are used in a vast array of industries and helped revolutionize the way that decisions are made on desktop and high performance computers.
According to David M. Murray, CEO, “The many industries that AVS serves are developing exciting new practices to analyze their customers, products and performance, and data visualization has become an integral part of that process. We believe that our listing on the OTC will enable us to expand our product and service offerings in concert with global trends in business intelligence, analytics and high performance computing—all of which are established lines of business for AVS.”
AVS operates a headquarters office in Waltham, MA, and maintains sales and customer support operations in London and Berlin. The company’s leading product for business intelligence and analytics, OpenViz, is used by two of the top three global software companies and other innovative solution providers and corporations. AVS/Express, the company’s flagship software product for technical and scientific data visualization, is used by hundreds of leading research facilities, universities and corporations.
Advanced Visual Systems Inc. (AVS) provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. AVS's complete line of software products speed decision-making by bringing information to life using the latest in graphics, Web-based and interactive technologies on all major computing platforms.
For additional information visit www.avs.com.
Copyright 2009 Advanced Visual Systems Inc. All rights reserved.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's public filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.